Advisor Group Inc. Acquires 556 Shares of Honda Motor Co Ltd (HMC)

Advisor Group Inc. increased its stake in Honda Motor Co Ltd (NYSE:HMC) by 5.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,697 shares of the company’s stock after purchasing an additional 556 shares during the quarter. Advisor Group Inc.’s holdings in Honda Motor were worth $309,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its stake in Honda Motor by 35.8% in the third quarter. JPMorgan Chase & Co. now owns 380,166 shares of the company’s stock worth $11,436,000 after purchasing an additional 100,187 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Honda Motor by 24.6% during the third quarter. Wells Fargo & Company MN now owns 272,532 shares of the company’s stock valued at $8,197,000 after acquiring an additional 53,875 shares during the last quarter. Manning & Napier Group LLC raised its stake in shares of Honda Motor by 1.9% during the fourth quarter. Manning & Napier Group LLC now owns 196,781 shares of the company’s stock valued at $5,204,000 after acquiring an additional 3,732 shares during the last quarter. Credit Suisse AG bought a new position in shares of Honda Motor during the third quarter valued at about $3,583,000. Finally, Comerica Bank raised its stake in shares of Honda Motor by 1.7% during the fourth quarter. Comerica Bank now owns 108,231 shares of the company’s stock valued at $3,221,000 after acquiring an additional 1,845 shares during the last quarter. 2.07% of the stock is currently owned by institutional investors.

Shares of NYSE HMC traded up $0.55 during midday trading on Friday, hitting $28.88. 383,503 shares of the company traded hands, compared to its average volume of 408,157. Honda Motor Co Ltd has a 12-month low of $25.30 and a 12-month high of $34.78. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.23 and a quick ratio of 0.95. The stock has a market capitalization of $51.36 billion, a P/E ratio of 7.98, a P/E/G ratio of 6.13 and a beta of 0.94.

Honda Motor (NYSE:HMC) last announced its quarterly earnings results on Friday, February 1st. The company reported $0.85 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.85. The company had revenue of $3,957.12 billion for the quarter, compared to analysts’ expectations of $3,956.54 billion. Honda Motor had a net margin of 4.73% and a return on equity of 8.49%. Honda Motor’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the company earned $318.50 earnings per share. Research analysts anticipate that Honda Motor Co Ltd will post 3.76 earnings per share for the current year.

HMC has been the subject of several recent analyst reports. Nomura raised shares of Honda Motor from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 19th. Zacks Investment Research downgraded shares of Honda Motor from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. Finally, ValuEngine downgraded shares of Honda Motor from a “sell” rating to a “strong sell” rating in a research note on Wednesday, February 13th.

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Honda Motor Profile

Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power products, and other products worldwide. The company operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses. The Motorcycle Business segment produces sports models, including trial and moto-cross racing vehicles; business and commuter models; all-terrain vehicles; and side-by-side models.

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Institutional Ownership by Quarter for Honda Motor (NYSE:HMC)

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